The stock market's very rough April saw some of the biggest gainers of the first three months take some of the biggest dings to their market caps. And at the same time, some of the sectors that struggled in Q1 saw a similar reversal of fortune in April.
The S&P 500 is still up on the year — but the real estate sector is lagging far behind the broader index. The differences between sector and market don't stop there: the two have broadly different ideas of what the Fed will do.
Real estate stocks have lagged the broader market so far in 2024, but analysts see upside when the Fed's rate cut path becomes clearer later this year.